The digital asset landscape in Asia is witnessing a transformative shift as HashKey Capital announces the official launch of the HashKey XRP Tracking Fund—the first investment vehicle in Asia designed to track the performance of XRP. Backed by an initial investment from Ripple, a global leader in blockchain-based payment solutions, this fund marks a pivotal step in bridging institutional finance with the rapidly evolving world of digital assets.
Targeted exclusively at professional investors, the fund enables indirect exposure to XRP, removing the technical complexities often associated with direct cryptocurrency ownership. As the third-largest cryptocurrency by market capitalization—trailing only Bitcoin (BTC) and Ethereum (ETH)—XRP has firmly established itself within the crypto ecosystem, particularly through its core use case: cross-border payments.
Why XRP Matters: Speed, Scalability, and Real-World Utility
Traditional cross-border transactions are notoriously slow and costly, often taking several business days and involving multiple intermediaries. In contrast, XRP leverages the XRP Ledger, a decentralized, energy-efficient blockchain that settles transactions in under four seconds with minimal fees. Financial institutions, fintechs, and multinational corporations are increasingly adopting XRP to streamline international remittances and liquidity management.
This utility has driven sustained demand from enterprises worldwide. Ripple’s On-Demand Liquidity (ODL) solution, which uses XRP as a bridge currency, is already deployed across numerous corridors in Asia, the Middle East, and Latin America. The launch of the HashKey XRP Tracking Fund aligns perfectly with this growing institutional appetite, offering a compliant and accessible pathway for capital allocation into XRP.
Lowering Barriers for Institutional Adoption
One of the biggest hurdles for traditional financial players entering the crypto space is operational complexity—secure custody, regulatory compliance, and market volatility. The HashKey XRP Tracking Fund addresses these concerns head-on by providing a professionally managed, transparent investment structure.
Key features of the fund include:
- Cash or in-kind subscriptions: Investors can participate using fiat currency or existing XRP holdings.
- Monthly subscription and redemption windows: Ensures liquidity while maintaining portfolio stability.
- Benchmarked against CF Benchmarks: A globally recognized index provider used by leading ETF issuers in the U.S. and Asia-Pacific region.
This marks HashKey Capital’s third crypto-tracking fund, following the successful launches of the HashKey Bosera Bitcoin ETF (3008.HK) and Ethereum ETF (3009.HK) on the Hong Kong Stock Exchange (HKEX). These milestones underscore HashKey’s leadership in bringing regulated digital asset products to Asian markets.
A Strategic Alliance: HashKey Capital x Ripple
The launch of the XRP Tracking Fund is more than just a product rollout—it represents the first major milestone in a broader strategic partnership between HashKey Capital and Ripple. By combining HashKey’s deep expertise in asset management and regulatory engagement across Asia with Ripple’s technological innovation in blockchain payments, the collaboration aims to accelerate institutional adoption of digital assets.
Vivien Wong, Partner at HashKey Capital Liquid Funds, emphasized the synergy:
“XRP is one of the most innovative cryptocurrencies on the market today, gaining traction among enterprises for payments, tokenization, and value transfer. As Asia’s first XRP-tracking fund, we’re lowering entry barriers and meeting growing demand for high-quality digital asset allocations.”
She also highlighted future opportunities, including potential tokenized financial instruments built directly on the XRP Ledger—such as money market fund (MMF) tokens—which could unlock new levels of efficiency in capital markets.
Fiona Murray, Managing Director of Ripple APAC, echoed this vision:
“Institutional demand for compliant crypto products is rising globally. This fund offers a tailored solution for the Asia-Pacific region. HashKey’s influence and local expertise will be instrumental in advancing our shared goal of mainstream blockchain adoption.”
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HashKey Capital: Powering Innovation Across Web3
As one of the most influential crypto asset managers globally, HashKey Capital has been at the forefront of blockchain innovation since its inception. With over $1 billion in assets under management, the firm has invested in more than 600 leading Web3 projects, spanning infrastructure, decentralized finance (DeFi), artificial intelligence (AI), data protocols, and consumer tech.
Beyond venture investing, HashKey has pioneered regulated financial products that connect traditional capital with digital assets. Its ETF offerings on HKEX have set new standards for transparency and compliance in Asia’s maturing crypto market.
HashKey’s ecosystem approach fosters collaboration among founders, developers, investors, and regulators—creating a robust foundation for sustainable growth in the digital economy.
Frequently Asked Questions (FAQ)
Q: What is the HashKey XRP Tracking Fund?
A: It’s a professionally managed investment fund that tracks the performance of XRP, designed for accredited or professional investors seeking exposure to the cryptocurrency without holding it directly.
Q: Who can invest in this fund?
A: The fund is available exclusively to professional investors who meet specific regulatory criteria regarding net worth or investment experience.
Q: How does this fund differ from holding XRP directly?
A: It eliminates the need for self-custody, security management, and technical know-how. Investors gain exposure through a regulated financial product with monthly liquidity options.
Q: Is XRP suitable for long-term investment?
A: XRP’s role in cross-border payments and enterprise blockchain applications gives it strong real-world utility. While all crypto investments carry risk, its adoption by financial institutions supports long-term potential.
Q: Will there be more funds launched by HashKey and Ripple?
A: Yes—the two companies plan to explore additional products, including tokenized money market funds on the XRP Ledger and other structured digital asset offerings.
Q: How is the fund priced and benchmarked?
A: The fund uses indices provided by CF Benchmarks, a trusted reference rate provider used by major crypto ETFs worldwide, ensuring fair valuation and transparency.
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The Road Ahead: Institutional Crypto Adoption in Asia
The launch of Asia’s first XRP-tracking fund signals a maturation of the region’s digital asset infrastructure. With strong partnerships, regulatory alignment, and growing enterprise use cases, products like this pave the way for broader institutional participation.
As blockchain technology continues to disrupt traditional finance, initiatives led by innovators like HashKey Capital and Ripple will play a critical role in shaping a more efficient, inclusive, and interconnected global financial system.
For professional investors seeking diversified exposure to high-utility digital assets, the HashKey XRP Tracking Fund represents a significant advancement—one that brings the promise of Web3 closer to mainstream finance.